SDJIX Fees and Costs — Swan Defined Risk Foreign Fund, Class I
Data updated: 2025-02-28
The net expense ratio is 1.71% (2.03% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $79K in broker commissions, 0.2797% of average net assets, and portfolio turnover was 8%.
SDJIX Fees and Expenses
Annual operating expenses and sales charges of SDJIX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.72% |
| Gross expense ratio | 2.03% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.71% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SDJIX Costs Over Time
On $10,000 invested in SDJIX, assuming 5% a year before costs, total costs come to $1,220 over 5 years, cutting the return by 2.09% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.71%) | $180 | $554 | $952 |
| Trading costs (broker commissions) | $29 | $91 | $156 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $209 | $677 | $1,220 |
| Value after costs | $10,291 | $10,899 | $11,543 |
| Impact on return, per year | 2.09% | 2.09% | 2.09% |
SDJIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2797%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
SDJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET | $39K | 48.81% |
| UBS | $16K | 19.79% |
| GOLDMAN SACHS | $11K | 14.13% |
| BANK OF AMERICA MERRILL LYNCH | $8K | 10.33% |
| LASALLE ST. SECURITIES LLC | $4K | 4.85% |
| SEAPORT GROUP | $822 | 1.04% |
| STONEX FINANCIAL | $428 | 0.54% |
| DASH FINANCIAL | $370 | 0.47% |
| WOLVERINE EXECUTION SERVICES | $30 | 0.04% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.